PARA Form 4: Board Member Receives 16k RSUs in Equity Grant

Rhea-AI Filing Summary

Paramount Global (PARA/ PARAA) filed a Form 4 reporting a routine equity grant to director Roanne Sragow Licht. On 07/02/2025 the director received 16,340 Restricted Share Units (RSUs) covering an equal number of Class B common shares. The grant was made at no cost under the company’s equity plan for outside directors. The RSUs will vest on the earlier of the 2026 Annual Meeting or 02 July 2026; shares are delivered at vesting unless deferred. No shares were sold, and beneficial ownership stands at 16,340 shares, all held directly. Because this is a standard compensation award rather than an open-market transaction, it has minimal immediate valuation impact but modestly increases director equity alignment.

Positive

• Enhanced director-shareholder alignment via equity-based compensation strengthens governance incentives.

Negative

• Minor share dilution from issuance of 16,340 new Class B shares, though immaterial to float.

Insights

Financial Analyst

TL;DR: Routine director RSU grant, negligible dilution, neutral impact.

The filing discloses a standard board compensation grant—16,340 RSUs—with no cash outlay and a one-year vesting horizon. Such grants marginally increase outstanding share count but are immaterial relative to Paramount Global’s >650 million Class B shares outstanding. No insider buying or selling signal is present, so it neither indicates bullish nor bearish sentiment. The award does, however, further align the director’s incentives with shareholders through equity ownership.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Sragow Licht Roanne

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Restricted Share Units	16,340	$0.00	--

Holdings After Transaction: Restricted Share Units — 16,340 shares (Direct)

Footnotes (1)

1. Granted under the Issuer's equity plan for outside directors for no consideration. These Restricted Share Units will generally vest on the earlier of (i) the date of the Issuer's 2026 Annual Meeting of Stockholders and (ii) July 2, 2026, and a corresponding number of Class B shares will be delivered on the vesting date, unless the director has elected to defer receipt.

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Sragow Licht Roanne

(Last) (First) (Middle)

1515 BROADWAY

(Street)

NEW YORK NY 10036

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Paramount Global [ PARAA,PARA ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
07/02/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Share Units(1)	(2)	07/02/2025		A		16,340		(2)	(2)	Class B common stock	16,340	$0.0000(1)	16,340	D

Explanation of Responses:

1. Granted under the Issuer's equity plan for outside directors for no consideration.

2. These Restricted Share Units will generally vest on the earlier of (i) the date of the Issuer's 2026 Annual Meeting of Stockholders and (ii) July 2, 2026, and a corresponding number of Class B shares will be delivered on the vesting date, unless the director has elected to defer receipt.

	/s/ Caryn K. Groce, Attorney-in-Fact for Roanne Sragow Licht	07/07/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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FAQ

How many Paramount Global shares did the director receive?

The filing reports 16,340 Restricted Share Units tied to Class B common stock.

Was this an open-market purchase of PARA stock?

No. The RSUs were granted for no consideration under the board equity plan; no cash transaction occurred.

When do the RSUs vest?

They vest on the earlier of the 2026 Annual Meeting or July 2, 2026.

Does the grant materially dilute existing shareholders?

Dilution is immaterial; 16,340 shares are negligible versus Paramount’s large outstanding share base.

What is the director’s beneficial ownership after the grant?

The director now beneficially owns 16,340 Class B shares, held directly.